Next up: Budget adjustments. It's pretty boring, nothing that really stood out. See for yourself: documents.bouldercolorado.gov/WebLink/DocVie…
That presentation is way better than my own notes, but here they are anyway.
$18,495,924 total in appropriations to the 2021 budget.
This is all additional revenue and/or rollover.
$18,495,924 total in appropriations to the 2021 budget.
This is all additional revenue and/or rollover.
So, like, if something was budgeted for but didn't actually happen, that $$ rolls over. It's called fund balance.
That's a way simple explanation, and there's more to it than that. But that's all I feel qualified to say.
That's a way simple explanation, and there's more to it than that. But that's all I feel qualified to say.
Where is this $18.5M coming from?
Donation/Gifts Revenue: $168,402
Fund Balance: $10,421,240
Grant Revenue: $1,115,497
Other Revenue: $ 6,790,785
Donation/Gifts Revenue: $168,402
Fund Balance: $10,421,240
Grant Revenue: $1,115,497
Other Revenue: $ 6,790,785
And where's it going to?
General fund - $6,270,937
$5,445,375 from additional revenue
$825,562 from fund balance
Restricted funds - $12,224,987
$2,629,309 from additional revenue
$9,595,678 in fund balance
General fund - $6,270,937
$5,445,375 from additional revenue
$825,562 from fund balance
Restricted funds - $12,224,987
$2,629,309 from additional revenue
$9,595,678 in fund balance
What are some examples?
$1.5M for computer replacement
$330,000 for hybrid work upgrades
$250,000 in fire dept OT
$4.9M to buy 5125 Pearl Parkway for eventual facility consolidation (eastern campus) - empty plot of land is right next to municipal service center
$1.5M for computer replacement
$330,000 for hybrid work upgrades
$250,000 in fire dept OT
$4.9M to buy 5125 Pearl Parkway for eventual facility consolidation (eastern campus) - empty plot of land is right next to municipal service center
Wallach: A v substantial proportion of this ATB is from fund balance. Are any dept completely drawing down their fund balance, or dangerously low? That info isn't in here.
Mark Woulf, senior budget planner: We'll get that for you. We don't recommend drawing down the fund balance for ongoing spending.
Wallach asks about the Pearl Parkway acquisition: Do we have an appraisal for that property? Is that what the purchase price was based on?
Joanna Crean, facilities and fleet: We have comps to surrounding and like properties.
Joanna Crean, facilities and fleet: We have comps to surrounding and like properties.
Wallach Sigh-O-Meter: 1.82
Speer: The extra revenue that was above and beyond what we expected, it's mostly from sales tax? And moving $$ around?
Woulf: It's from a variety of sources, but this year it's mostly sales tax that exceeded projections. (COVID recovery was faster, better than expected)
Woulf: It's from a variety of sources, but this year it's mostly sales tax that exceeded projections. (COVID recovery was faster, better than expected)
Speer: "Thanks to everyone who's been spending their $$ locally so our city has more funds."
Folkerts: When we have so much OT in the fire dept, maybe we need more employees...?
NRV: It's something we're working on. "It's been an historic concern. They have to plan for the unexpected."
NRV: It's something we're working on. "It's been an historic concern. They have to plan for the unexpected."
They're recruiting and training now, NRV says.
Chief Mike Calderazzo: We always over-hire. But it takes 6-8 months to train someone and bring them on. If someone retires or leaves, tho, I'm without someone for 5+ months. "COVID has not helped."
I like Chief Calderazzo. I don't think that feeling is mutual, bc of this story, in which I included a (v funny!) joke he actually said about male firefighters that I thought lightened the story up. But apparently his male firefighters didn't care for it. boulderbeat.news/2020/01/05/bou…
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